What Can I Trade With My Budget?

You don’t need a large account to start day trading, but your budget decides which brokers you can use and how much room you have to manage risk. Enter what you plan to deposit, and this calculator shows the brokers you can open an account with and how far your money goes.

How To Use The Calculator

1. Your budget: the amount you plan to deposit for your first trades.
2. Currency: the currency of your budget. It is set to your local currency where possible.
3. Risk per trade: the share of your budget you are willing to lose on a single trade, for example 1% (a common level).

The result shows:

• Brokers you can open: how many of the brokers that accept traders from your country have a minimum first deposit within your budget.
• Risk per trade: your risk as an amount.
• Margin for 0.01 lot EUR/USD: the margin needed for the smallest standard forex trade, at the leverage retail traders can usually get in your country.
• Stop loss that fits your risk: how many pips of stop loss your risk allows on that smallest trade.

Below the result you’ll find the best-rated brokers within your budget, with their minimum deposit, minimum trade size and maximum leverage.

How Much Do You Need To Start Day Trading?

Many brokers let you open an account with $100 or less, and there are some brokers with zero minimum deposit. For more details and options, see our top-rated low deposit trading brokers. Opening an account is not the same as trading well with it, though.

Take a $200 account with 1% risk per trade. That is $2 per trade. On the smallest forex trade of 0.01 lots, one pip of EUR/USD is worth about $0.10, so $2 allows a stop loss of 20 pips. That is workable for some short-term trading strategies, but tight. With $1,000 the same 1% allows a 100-pip stop, or larger trades with a normal stop.

If the calculator warns that your stop loss would be too tight, consider starting with a larger budget, a demo trading account, or a market that allows smaller trades, such as fractional shares.